Category Archives: R&D

The Undeniable Power of the “Garage Experience”

If you’re like me and a lot of other entrepreneurs and intrapreneurs around the world, then you’ve likely romanticized – at least at some point in time – about what it must have been like in great companies like Apple, HP, Google, and Cisco when they were just getting their start – in their founders’ ...

When it’s time to think inside the box

It’s a common call – we want more innovation, disruptive innovation, new options.  We need to think outside the box. It often makes sense to think outside the box.  When the usual thinking hasn’t solved the problem, new approaches are needed.  After all, if the same people are sat at the same table trying to ...

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

Innovation is a Confusing Word

Is there any word more fundamental to the modern business lexicon than ‘innovation’? To say that it forms an important part of enterprise is probably an understatement. If we take renowned researcher John Seeley Brown’s definition, the very nature of doing business is an act of innovation: that is, innovation is invention — of any ...

A Prescriptive Process for ‘Make vs. Buy’ Decisions

You are about to develop a new product (or service, or process). However, your company may not have the skills or intellectual property to develop a part of it, so you are faced with the classic 'Make vs. Buy' decision. Do you have your own people develop that part, or do you use an external company for that?